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Major Changes on July 1, 2021: How They'll Impact Your Wallet and Lifestyle

Starting July 1, 2021, you'll face new VAT and import duties on packages from outside the EU—even those under €22. Plus, deposits on small bottles, updated alcohol laws, higher minimum wage, and increased state pensions. Here's what changes for your finances and daily life.

Big Changes on the Horizon

The first half of 2021 is wrapping up, bringing a wave of updates effective July 1. These adjustments to taxes, benefits, and regulations directly affect your wallet and routine. As financial experts tracking these shifts, we've compiled this overview to help you prepare without surprises.

Key Changes Effective July 1, 2021

Here's a rundown of updates impacting your finances:

  • VAT and import duties on all parcels from non-EU countries, including those under €22
  • Deposits introduced for small bottles
  • New alcohol law takes effect
  • Minimum wage increase
  • AOW, WIA, and other benefits rise
  • Free-sector rent hikes capped at 2.4%
  • Home valuations rise due to EU rules
  • Variable energy contracts get pricier
  • Providers raising prices
  • Tax-free travel allowance extended
  • Entrepreneurs resume tax payments
  • Negative savings interest over €100,000
  • ATM withdrawals may incur fees at some banks
  • Telecom law updates: Do-not-call register ends
  • C driving license practical test changes

VAT on Non-EU Parcels

Previously, packages from AliExpress, Shein, or Wish under €22 arrived duty-free. From July 1, all non-EU imports incur VAT and duties, regardless of value. Opt for EU-based delivery to avoid this—AliExpress offers it. Learn more here.

Deposits on Small Bottles

Deposits were limited to large bottles in the Netherlands. Now, from July 1, add 15 cents to bottles under 1 liter. Imports have started, so check labels when shopping.

New Alcohol Law

The updated law bans online supermarket alcohol orders, caps discounts at 25%, and imposes €435 fines for selling or giving alcohol to minors under 18.

Minimum Wage Boost

Good news: hourly minimum wage rises across age groups. Details on amounts and conditions here.

Increased AOW, WIA, and Benefits

State pension (AOW), WIA, and others adjust upward—modest tens of euros, but welcome. Full overview here.

Free-Sector Rent Caps

Social housing rents stay flat, but free-sector landlords can raise by up to 2.4%. Service costs have no cap but require justification.

Home Valuations Rise Under EU Rules

New EU model-based appraisals for mortgaged homes with equity could add up to €350. More details here.

Variable Energy Contracts Cost More

Rising energy prices, fueled by a cold spring, mean ~€200 annual hikes for average households on variable plans.

Provider Price Hikes

Ziggo and KPN cap increases at €20/year; others follow suit with varying amounts.

Tax-Free Travel Allowance Extended

Extended to October 1, 2021, amid remote work. New rules for tax-free home office reimbursements are in development.

Entrepreneurs Resume Taxes

Corona deferrals end July 1; request extensions by June 30. Accumulated debts payable from October 2022 over 5 years.

Negative Interest on Large Savings

Banks charge ~0.5% on balances over €100,000–€150,000. Spread across accounts or explore alternatives.

ATM Fees at Select Banks

Over certain limits (e.g., €12,500/year free at ABN AMRO), fees apply—linked to digital euro transition.

Telecom Law Overhaul

Do-not-call register replaced by opt-in; anonymous calls banned. Full details here.

C License Practical Test Updates

Truck (C) license test extends to 60 minutes for thoroughness. Changes outlined here.

With these increases, plan ahead—even as child benefits rose January 1, 2021.